A Career In Real Estate California

A business balance sheet might include all except:

Which of the following needs a real estate license?

Liquidity of a firm would be best described as the ratio of:

As to a business, which of the following is false?

A person passing the real estate examination must apply for a license within:

The Franchise Investment Law requires:

A liquor license must be put in use within __ days of initial issuance.

The Franchise Investment Law could best be described as:

Colonel Cluck wishes to open franchise stores in California. They have had 25 franchises operating for five years in Arizona. Their net worth is in excess of $5,000,000. They must:

If you were planning a suburban shopping center, one of the first things you would consider is:

A valid bill of sale does not require:

A real estate license was issued for only 150 days. The reason for this license period was that:

The notice required under the Bulk Sales Act need not include:

Real estate licenses are issued for:

Robert, a developer who is unlicensed, hires Yvonne, a broker, to sell his property. While Yvonne is out of town, Robert shows property, quotes prices, and makes sales.

Which of the following incomes would be the highest?

To be enforceable, listings of business opportunities:

Which of the following indicates an organization of brokers founded in 1947?

Terri does not require a real estate license if:

Notice of an intended sale of a business is recorded and published a day prior to sale. The sale is:

To serve process on a nonresident California licensee who is not in California, a person would serve upon:

To sell franchise opportunities, a person must be:

A large feed wholesaler wishes to sell 100,000 pounds of bulk feed to a dealer. He or she should comply with:

A broker's salespeople are under contract as independent contractors rather than employees. By doing so the brokers will save out of pocket expenses relating to:

Property sold in a bulk sale would be transferred by:

In considering a community shopping center, a developer would be most interested in:

Licensees for on-sale and off-sale alcoholic beverage licenses must be fingerprinted, with the exception of:

An advance-fee rental agent must:

A balance sheet shows:

One year after his real estate license expired, Henry renewed the license. Which of the following is a true statement?

A fictitious name statement expires:

The Bulk Sales Act is part of the:

Which of the following is true?

Advance-fee broker advertising must be submitted to the Real Estate Commissioner __ days prior to use.

A broker who uses a send-out slip:

A balance sheet would show:

All of the following terms have something in common except:

The most important element of goodwill is:

Requirements for licensing as a real estate salesperson includes all except:

Dividing office overhead by the number of salespersons give:

By checking a profit and loss statement, you would find:

To have any effect, a bill of sale must:

A use tax is:

Which of the following would not be transferred by a bill of sale?

An on-sale liquor license may be transferred:

What a person pays to develop a property is known as:

Which of the following would be concerned with obtaining a clearance receipt in the sale of a business?

Turn-key project refers to:

The goodwill value of a business can be computed by:

In a sale of a business, sales tax would not be paid on:

A licensee with a restricted license may be restricted by the Commissioner as to:

The acid-test ratio for cash on hand (includes securities readily converted to cash) to current liabilities is:

To obtain a real estate broker's license under the law, which of the following is required?

Since there are county and state sales taxes:

A salesperson's commission is paid by:

Jane purchases a car in Oregon and wishes to license it in California. She is going to be taxed. This tax based on value is:

A certificate of resale is:

A $6,000 fee is:

A business owner fails to remit $1,000 in collected sales tax in a timely manner. He is also guilty of fraud. The maximum penalty he can be assessed is:

The most reliable income figure for a grocery store that is for sale would be:

The least important element of goodwill is:

Turnover refers to:

A broker may not:

For a fee, Thomas offers to assist Sara in leasing and/or purchasing federal land.

The state Board of Equalization:

A salesperson leaves a broker. The broker must notify the Real Estate Commissioner:

A right to use a marketing plan would be described as a(n):

The maximum sale price for resale of a general off-sale license originally issued in July 1, 1959, when the current owner has had the license for only one year, is:

The least desirable business in a shopping center would be a:

A three-month period for accounting applies to:

The capital turnover of a real estate investor is __ that of the average vendor.

An unlicensed assistant can:

Accounts payable on a balance sheet would show up as:

The term liabilities of a business refers to:

When a business is being sold, the term successor liability may become inportant. Real Estate brokers know that this term incolves certain obligations to the:

Sales tax would not be collected on:

An auctioneer who sells at auction and fails to comply with the Bulk Sales Act:

A profit-and-loss statement would not include:

The California State Sales Tax is:

The term cash flow refers to:

Which of the following cannot obtain an alcoholic beverage license?

Walter, a broker in California, pays a commission to Rita, a broker in Wisconsin who sent him a client.

The successor liability of a business refers to:

The company dollar refers to the:

Balancing a bank statement with an account is known as:

A liability of a business would be:

State sales tax on the fixtures of a business being sold would never be:

Roland, a broker, makes a sale. His license is later revoked. After a revocation, escrow is completed.

George manages and leases five separate properties for an out-of-state owner, getting an apartment furnished at one of the locations as part payment for the work.

As to the sale of a business in which the Bulk Sales Act Requirements have not been met, which of the following is true?

After publication has been made of a sale, the earliest the business can safety be sold is:

The financing statement for personal property in the sale of the business would most likely be filed with the:

Which of the following properties is likely to have the highest degree of liquidity?

A prospective renter paid $300 for a list of rentals. Since a rental was not obtained, the prospective renter asked for the return of the fee seven days later. The agent must return:

Compliance with the Bulk Sales Act requires publication at least 12 days prior to the sale in:

One year ago, Judy received an on-sale general liquor license from the state. She wishes to sell to Greg. The most she can get for the license is:

A real estate broker's ad must include:

A real estate salesperson may not:

You must have a sales tax permit if you are going to:

The ABC will not issue an alcoholic beverage license to:

A retailer can:

The license of a salesperson working at a branch office is held:

An advance fee is:

Subtracting the cost of merchandise from gross sales gives:

The term short-rate describes an:

A listing of buildings and outbuildings would most likely be required for a:

A detailed listing of the physical assets of a business would be found in a(n):

A balance sheet would not show:

An alcoholic beverage license will be issued:

An unlicensed assistant can properly:

Accounts payable are in the same accounting category as:

In choosing a location for an office a broker should be most interested in:

Notice of intent to engage in the sale of alcoholic beverages must be posted on the premises for at least:

An unlicensed secretary in a real estate office can:

Accounts payable of a business would be:

Goodwill costs for an on-sale or off-sale general alcoholic beverage license less than five years old cannot exceed:

General liquor licenses less than five years old cannot be resold for more than:

Which of the following is true?

Phil pays the Department of Alcoholic Beverage Control $6,000.

Sales taxes normally are required to be remitted to the state Board of Equalization: